2024 dues have been set at $350/lot. It has been over a decade since the last increase and the board believes this increase will ensure the HOAs financial health now and for the future.
2024 dues have been set at $350/lot. It has been over a decade since the last increase and the board believes this increase will ensure the HOAs financial health now and for the future.
I’m in total favor of the dues increase. The HOA has lots on the Board agenda. The folks on the Board are all volunteers who are working towards a safer and more sustainable future for our common property. We need to all invest in our community.
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When was there open discussion about dues increasing? What specifically are they intended to cover. At each meeting we have seen quite a lot in the fund rolling over each year.
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The HOA is required to maintain a reserve of 150-200%, so most of the money rolls over each year. The Board is tasked with setting dues to cover expenses while maintaining the required reserve.
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